Newmed Energy Ltd (DKDRF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone, thanks for joining us today for the NewMeds Energy Financial Results for the second quarter of the 2026 webinar. All participants are in listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I am pleased to introduce Nils Darne, CEO of NewMeds Energy. You may begin. Good afternoon, everybody. I'm happy to open the Q2 2020 Thanks New Med Energy conference call. Next to me, I have Tari Sabusha, Deputy CEO and CFO in Gilbashan. My name is Niv Sarney, CEO of New Med Energy. I have joined the partnership about a few months ago as a head chairman, and beginning of this month, started the role of CEO. Before we jump into the results and main activities of the month, I would like to take the opportunity and thank the previous CEO, Yossi Abu. Yossi has taken this role for more than 15 years and has led NewMed to new peaks and new heights. You all know him because of his achievement, but we also know him on a personal basis, and he will be missed to all of us. So from here, from us, from everybody, we're wishing you all the best. and your legacy will stay with us forever. And now I'm happy to start with our financial results, and as you have seen in our first segment, yes, we'll bring up the presentation in a second. We had a very strong QT performance, started with high production of about 2.7 BCM, high gas prices resulted from high oil prices, which leads to a bottom line of about 118 million dollars net profit for the quarter. In addition, we have completed playing the third pipeline from the field to the platform which has increased our production and also have completed or INGL more correctly have completed the looping between AASHTO and AASHTELON. As well, we are progressi...